Microsoft in its annual meeting with shareholders and executives made interesting comments about Xbox and the video game business.
First, a shareholder asked CEO Satya Nadella what Xbox is doing to stand out from the competition and win the “console war” against PS5 and what is Microsoft’s strategy in the gaming sector.
Nadella spoke about the launch of the next-gen and confirmed that the company will remain focused on gaming.
” For one thing, we are very excited about the launch of the new consoles on the market. We have focused on providing our community of gamers with a new generation of powerful and awesome gameplay consoles. We are supporting this with the best content .”
” But the bigger vision we have is to ensure that the 3 billion players out there are able to play their games wherever they want with all the content they want and with whoever they want, and that’s exactly what we’re building our strategy on. . You’ve seen us double our content portfolio with the acquisition of ZeniMax. You’ve seen us make progress in our community and our Game Pass membership offers. And that’s what you can expect from us. We are absolutely very, very focused. on gaming and we ensure that the 3 billion gamers around the world receive the best content and cloud services to power their gaming experiences in the future. ”
CFO Amy Hood talked about last fiscal year’s overall results and the acquisition of ZeniMax.
” In the gaming industry, revenue has surpassed $ 11 billion as we continue to expand our opportunity to reach the world’s 3 billion players. We have seen record levels of engagement and monetization across the platform and strong momentum in our Game Pass subscription services, as new fans have taken advantage of the content of over one hundred studios. ”
” Now, some comments on the current fiscal year. First, we announced our plans to acquire ZeniMax Media, the parent company of Bethesda Softworks, one of the largest developers and publishers in the world. This addition, which we expect to close in the second half of this fiscal year, will further strengthen our fast-growing subscription content and services. “